The settlement marks the latest effort by the company to compromise with cities and improve its relationship with regulators globally as it eyes an initial public offering.
SAN FRANCISCO: Airbnb Inc and the city of San Francisco have settled a year-long lawsuit over a local ordinance forbidding the home-rental company from taking bookings from hosts who have not properly registered their homes.
The settlement, which Airbnb announced during a call with reporters, marks the latest effort by the company to compromise with cities and improve its relationship with regulators globally as it eyes an initial public offering. Airbnb is an online marketplace for short-term lodging, with "hosts" who rent their homes in 65,000 cities.
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